MARKET REPORT

West P&I Club has launched its inaugural ESG & Sustainability Report, revealing how the marine insurance leader supports green shipping and healthy oceans.

Technology readiness is high for methanol, but pricing, availability and carbon accounting are obstacles to its widespread adoption.

The extent of illegal recruitment fees and charges being levied on seafarers, in violation of the Maritime Labour Convention, has been revealed in a research report and survey produced by Liverpool John Moores University (LJMU) and leading maritime welfare charity, The Mission to Seafarers (MtS).

The Mission to Seafarers, an international maritime welfare charity, has published an industry report containing the preliminary outcomes from the Executive Roundtable event held during Singapore Maritime Week 2023.

A new study from global sustainable development consultancy Arup, in partnership with Lloyd’s Register (LR) Maritime Decarbonisation Hub, demonstrates the many benefits that Canada could obtain from investing in infrastructure that would enable the uptake of low and zero emissions shipping fuels.

Despite a steady increase in port state control detention rates following the pandemic in all regions, INTERCARGO-entered vessels consistently outdid industry performance indicators in both deficiencies and detentions, as shown by the latest edition of its annual Benchmarking Report.

New research published by DNV reveals that less than half (40%) of maritime professionals think their organization is investing enough in cyber security at a time when vessels and other critical infrastructure are becoming increasingly networked and connected to IT systems. 

Shipping finance markets for the rest of 2023 look positive, with a depth of lenders, banks, leasing houses and alternative credit funds all seeking to grow their portfolios and offer the best terms to win projects.